TerraPay, a global cross-border payments network, has recently achieved accreditation as a Great Place to Work-Certified organisation.
This recognition is a testament to the positive workplace culture within TerraPay, based on validated employee feedback collected by Great Place to Work using their rigorous For All methodology.
This accreditation confirms that at least 65% of TerraPay’s employees consistently enjoy a positive work experience.
“We are thrilled to be Great Place to Work-Certified!” said Ani Sane, co-founder and chief business ffficer at TerraPay. “It means a lot that our employees have reported a consistently positive experience with their colleagues, their leaders, and their jobs. This is important to us because we know that when our people have a high-trust experience every day, they are more productive, drive better business results and make a difference to our customers.”
“We congratulate TerraPay on achieving their Certification,” said Benedict Gautrey, managing director of Great Place to Work UK. “Organisations which put the employee experience at the heart of their business gain their employees’ trust and, in turn, are truly able to build a great workplace culture that delivers outstanding business results.”
TerraPay, as a company, simplifies global money transfers, offering a unified gateway to the most extensive cross-border payments network regulated in 29 global markets. They enable payments to over 120 receiving countries and from 210 sending countries, reaching a vast network of 7.5 billion bank accounts and 2.1 billion mobile wallets. TerraPay’s mission is to create a borderless financial world, ensuring that transferring money globally is instant, reliable, transparent, and fully compliant.
The company serves a wide array of global businesses, including banks, fintechs, money-transfer operators, travel companies, creator economy platforms, and e-commerce marketplaces. TerraPay’s expansion and commitment to financial inclusion in even the most remote markets have gained support from prominent investors, including the IFC (the World Bank), Prime Ventures, Partech Africa, and Visa.
In addition to achieving Great Place to Work Certification, TerraPay continues to make strides in revolutionising cross-border payments and advancing financial inclusion on a global scale. They are poised to use this recognition to further strengthen their workplace culture and drive exceptional business results.
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![Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion[1]. With this implementation, NBI moved from its legacy systems onto the same core banking platform as other entities in the Capital Bank Group. This will enable NBI to operate more efficiently and integrate seamlessly with other systems to develop new products faster and deliver an improved customer experience. Capital Bank Group is a long-standing Temenos customer with other entities in the Group including Capital Bank of Jordan, Bank Audi, Société Générale Bank Jordan and NBI Saudi Arabia, already on the Temenos platform. NBI also becomes the first part of the group to adopt Temenos Payments, which enabled the bank to process more than 100,000 transactions of incoming and outgoing domestic and international payments in the first 15 days of operation, with a 99% straight-through processing rate. The migration to the Temenos platform for core banking and payments at NBI was completed in under 12 months thanks to Temenos’ pre-configured banking and payments capabilities and APIs which reduced the need for complex customizations, as well as close collaboration between Temenos, NBI, Capital Bank and delivery partner ITSS. This success was recently recognized in the IBS Intelligence Innovation Awards, with Capital Bank winning ‘Best Implementation of Core Banking Services'. The implementation at NBI follows several other successful transformation projects with Temenos for Capital Bank in the last few years, including the launch of NBI’s branch operations in Saudi Arabia in just 45 days, as well as the integration of Bank Audi and the former Jordanian operations of Société Générale, each of which was achieved in under four months. Collectively, these projects helped Capital Bank to increase operational efficiency by more than 50% within three years, bringing significant cost savings and an improved customer experience. With faster, more accurate processing and immediate service requests, the bank has maintained high customer retention rates and a reputation for service excellence. Izzidin Abusalameh, Chief Operations Officer, Capital Bank Group, commented: “This achievement marks a significant milestone in our digital transformation journey and positions us as a leading player in the banking industry. We have seamlessly transitioned the National Bank of Iraq to a cutting-edge core banking system which will not only enhance operational efficiency but also support providing our customers with a superior digital banking experience. Our continued partnership with Temenos has not only provided us with an advanced technological platform but has also facilitated a culture of flexibility and adaptability, enabling us to execute our ambitious growth plans.” Lee Allcorn, Managing Director, Middle East & Africa, Temenos, said: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group. With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.”](https://fintech.global/wp-content/uploads/2024/04/rupixen-Q59HmzK38eQ-unsplash-2-218x150.jpg "Flutterwave teams up with Acquired.com to streamline outward remittances in EU and UK")
